BioMar Group and Viet-UC are to establish a partnership developing and producing aqua feed in Vietnam.

To confirm a mutual interest in entering into a partnership, BioMar and Vietnam’s leading shrimp hatchery Viet-UC have signed a memorandum of understanding with the intention of BioMar becoming part owner and operational lead in the feed factory currently owned by Viet-UC. BioMar Group and Viet-UC are to establish a partnership developing and producing aqua feed in Vietnam. The two companies see a strong match in terms of values, focus and visions: Viet-UC being one of the leading shrimp hatcheries in the world with the ambition to build an integrated seafood group and BioMar Group being a leading global supplier of high quality aqua feeds based on extensive R&D and market insights.

“We believe that a feed partnership with Viet-UC in Vietnam will bring important synergies to the feed business as well as the hatchery and grow-out business of Viet-UC. There is no doubt that there will be a growing market for high quality feed in Vietnam”, explains Carlos Diaz, CEO in BioMar Group. Moving into South East Asia will strengthen the position of BioMar in the global shrimp industry and make it possible to share know how and best practice across the continents. The memorandum of understanding will ensure that the two companies exclusively can focus on exploring the possibilities further, before signing a final agreement.